Geode Capital Management LLC Makes New $110.40 Million Investment in Solstice Advanced Mat $SOLS

Geode Capital Management LLC bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,255,240 shares of the company’s stock, valued at approximately $110,395,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. King Luther Capital Management Corp acquired a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $3,725,000. Flputnam Investment Management Co. acquired a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $463,000. GS Investments Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $57,000. Smithfield Trust Co acquired a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $124,000. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $907,000.

Solstice Advanced Mat Trading Down 3.7%

NASDAQ SOLS opened at $81.02 on Friday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $12.87 billion and a PE ratio of 91.03. The firm’s fifty day simple moving average is $81.33 and its 200-day simple moving average is $67.85.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SOLS shares. Mizuho set a $80.00 price objective on Solstice Advanced Mat in a research report on Friday, February 13th. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Royal Bank Of Canada increased their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets increased their price objective on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.50.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.